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SBA lending record

Grey Iron Erectors LLC

210 5TH ST NE, Rice, MN 56367 · Structural Steel and Precast Concrete Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$225K

Total SBA financing

1

Loan on record

FY2020

On record

7

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$225,000 — FY2020

Gross approval: $225,000
SBA guaranteed: $112,500 (50%)
Status: Current
Rate at approval: 6.75% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/19/2019
First disbursement: 12/31/2019
Days to fund: 12 days
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Structural Steel and Precast Concrete Contractors
NAICS code: 238120
Lender: Farmers and Merchants State Bank of Pierz
Address: 210 5TH ST NE
City: Rice, 56367
County: Benton
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 6

The lender

Farmers and Merchants State Bank of Pierz

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding structural steel and precast concrete contractors — by location, industry.

SBA lenders in Minnesota Lenders for structural steel and precast concrete contractors Structural Steel and Precast Concrete Contractors lenders in Minnesota

Similar businesses

Comparable structural steel and precast concrete contractors in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

J & L Concrete LLC

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SBA financing: ≈ $351K–$585K
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SBA financing: ≈ $480K–$801K
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$217K
SBA financing: ≈ $425K–$709K
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JOB ERECTION & ENGINEERING INC

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$300K
SBA financing: ≈ $588K–$980K
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BOLSINGER REBAR INC

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$350K
SBA financing: ≈ $686K–$1.1M
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Eagle Rebar Llc

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$225K
SBA financing: ≈ $441K–$735K
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Agent summary

This page summarizes the public SBA 7(a) lending record for Grey Iron Erectors LLC in Rice, MN (Structural Steel and Precast Concrete Contractors). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $225K
On record FY2020
7 jobs supported
Industry: Structural Steel and Precast Concrete Contractors
Location: Rice, MN
Lender: Farmers and Merchants State Bank of Pierz

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Structural Steel and Precast Concrete Contractors businesses in MN for ~$225k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/grey-iron-erectors-llc-mn
API:: https://www.capbench.com/api/public/businesses/grey-iron-erectors-llc-mn
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Grey Iron Erectors LLC.

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